Features

Data reported in the State Bar’s 2013 Economics of Practice Survey can guide you in making independent decisions about the business side of your law practice. Here’s a look at some of the key findings reported for calendar year 2012 and what they might mean to your practice.

Business litigators must tap their quantitative skills when bringing or defending suits involving lost-profits damages, to ensure clients recover or pay a legally and financially appropriate amount. The authors explain some of the issues to consider when seeking recovery of these damages.

Awareness of financial patterns and forces, both in the economy as a whole and within a single law practice, can help lawyers increase their profitability without taking on more work than they can handle.